Khulna Power Company Limited (KPCL) witnessed a substantial 23.37% increase in income during the first half (July–December) of the current FY 2023–24, reaching Tk 219.15 crore. This turnaround from losses to profits is evident, as the net profit after tax stood at Tk 1 crore 63 lakh, compared to a loss of Tk 79 crore 43 lakh in the same period in 2023.
The earnings per share (EPS) for H1 FY23–24 stood at Tk 0.4, marking a significant improvement from the loss per share of Tk 2 in the corresponding period of FY23. In Q2, the company posted a net loss of Tk 4 crore 75 lakh, with a loss per share of 12 paise. Despite challenges, KPCL recently declared a 10% cash dividend for the financial year ended June 30, 2023. The company’s net asset value per share (NAVPS) at the end of June 30, 2022, was Tk 19.19.